1-STUDENT ( 3 times the charm ) 1Student,
i've pointed out what is occurring within the Cdn graphite space and connected the US dots.
It seems you're bent on speaking about NGC, only.
While my own posts cover trends in several Canadian graphite juniors.
A junior first dicovers a deposit - stock value increases.
A junior drills and proves moe.- stock increases.
A junior calculating a resource - stock most often increases ( nowadays, not so )
A junior finding, proving and carrying depositand paying for reports all cost $$$$.
How can situ values can be seen in numerous junior CM projects ?
One only needs to assess a CM junior's stock price chart over the last 10 yrs.
CM jjunior valuations did factor the above value assessment talking points.
Yet... how is it,
many CM junior projects are nowhere near the values they once were ?
Shorting, preditory control over resources ?
Hence, enforcing an in situ resource value protects resource, junior and sm shareholders
from actions that devalue the project and make it rather hard for the junior to advance.
Junior can have two routes of funding ( institutional or.... public ) which offers the junior
options without the ( bottleneck ) approqch of guiding CM junior down a 1 lane funding hwy.
Guaranteeing in situ values,
keeps valuations UP.... which offers the junior to seek out public funding without
exhausing too many shares each capital raise. ( keeps control with jr and sm shareholder )
Guaranteeing in situ value of resources ( not going below threshold ) 10% spot value yet,
still reflective of fluctuating spot prices ( is needed ) otherwise.... juniors along with
CM resources are left unprotected which ultimately affects sm shareholders. Which eventually
leads to a once vibrant stock price turned massively discounted which forces junior to pair with unfavorable jv's which in some caes result in, 50% by funder or tech firm.
Again, you're bent on, NGC perse.
I'm bent on preserving CM junior's valuations - pprotrcting in situ resource values.
Cheers...